Invinity Energy Systems (LON:IES) Reaches New 1-Year Low – Here’s What Happened

Invinity Energy Systems plc (LON:IES)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 7.76 ($0.10) and last traded at GBX 8 ($0.10), with a volume of 1695809 shares traded. The stock had previously closed at GBX 8.38 ($0.11).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IES. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a research report on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a report on Tuesday, February 18th.

Invinity Energy Systems Stock Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The company has a market cap of £34.99 million, a PE ratio of -0.92 and a beta of 2.24. The business’s 50-day moving average is GBX 11.83 and its 200 day moving average is GBX 12.75.

About Invinity Energy Systems

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across 82 sites in 15 countries, more than any other company in the space.